How much do I need to start investing?

26th February 2018

It’s almost never too early to start investing. Moneycube takes a look at how much you need to start.

What’s the minimum?

As technology drives down the cost of accessing investments, it’s now possible to invest your money from €250 per month using Moneycube’s online service. You can also give your savings plan a head start by contributing an initial amount (there’s no minimum for this).

If you’re investing a lump sum only, Moneycube can help you invest anything from €2,500 upwards.

Don’t go crazy

If you’re making a first foray into growing your money by investing it, it’s easy to be diverted by alleged short-cuts to building your wealth. But if it sounds too good to be true, it probably is.

Avoid the get-rich-quick schemes. Building your wealth is about taking sensible levels of risk with your money over a sustained period of time, not getting lucky with the next big thing.

Using Moneycube, you’ll get the benefit of investing into a diversified, professionally managed investment fund, handled efficiently through a monthly direct debit from your bank account.

The investment funds supplied through Moneycube offer convenient and cheap access to a wide variety of underlying assets.

Company shares are different

If you’re planning to invest directly into company shares, you’ll need a stockbroker.

You’ll probably also need quite a bit more cash to make the regular dealing costs worthwhile, and to achieve a broad spread of different assets in order to smooth your returns. You’ll also need to be prepared to monitor your portfolio more closely, as there is no investment manager doing that for you.

How long?

With Moneycube, you can access your investment, without penalty charges, at any time. But investment is a long-term game. If you’re investing your money, it should be at least with a 3-5 year timeframe in mind.

By investing €250 a month you could save €17,400 in 5 years

Warning: Past performance is not a reliable guide to future performance. The value of your investments can go down as well as up and you may lose some or all of the money you invest. Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates.